FHLC vs. XLV
Compare and contrast key facts about Fidelity MSCI Health Care Index ETF (FHLC) and Health Care Select Sector SPDR Fund (XLV).
FHLC and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FHLC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Health Care Index. It was launched on Oct 21, 2013. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both FHLC and XLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHLC or XLV.
Key characteristics
| FHLC | XLV | |
|---|---|---|
| YTD Return | 2.81% | 3.38% |
| 1Y Return | 6.03% | 6.99% |
| 3Y Return (Ann) | 3.73% | 6.26% |
| 5Y Return (Ann) | 10.24% | 11.20% |
| 10Y Return (Ann) | 10.82% | 11.02% |
| Sharpe Ratio | 0.57 | 0.65 |
| Daily Std Dev | 10.78% | 10.53% |
| Max Drawdown | -28.76% | -39.18% |
| Current Drawdown | -5.00% | -4.91% |
Correlation
The correlation between FHLC and XLV is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FHLC vs. XLV - Performance Comparison
In the year-to-date period, FHLC achieves a 2.81% return, which is significantly lower than XLV's 3.38% return. Both investments have delivered pretty close results over the past 10 years, with FHLC having a 10.82% annualized return and XLV not far ahead at 11.02%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FHLC vs. XLV - Expense Ratio Comparison
FHLC has a 0.08% expense ratio, which is lower than XLV's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHLC vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Health Care Index ETF (FHLC) and Health Care Select Sector SPDR Fund (XLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FHLC vs. XLV - Dividend Comparison
FHLC's dividend yield for the trailing twelve months is around 1.37%, less than XLV's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.37% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.13% | 1.37% | 1.39% | 2.06% | 1.03% | 0.20% |
XLV Health Care Select Sector SPDR Fund | 1.57% | 1.59% | 1.47% | 1.33% | 1.49% | 2.16% | 1.56% | 1.46% | 1.59% | 1.43% | 1.34% | 1.51% |
Drawdowns
FHLC vs. XLV - Drawdown Comparison
The maximum FHLC drawdown since its inception was -28.76%, smaller than the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for FHLC and XLV. For additional features, visit the drawdowns tool.
Volatility
FHLC vs. XLV - Volatility Comparison
Fidelity MSCI Health Care Index ETF (FHLC) and Health Care Select Sector SPDR Fund (XLV) have volatilities of 3.26% and 3.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.